Vietnam high-speed rail PJT is slow down speed?

2019-04-17     NGUYEN ANH DUONG 기자

(Engineering Daily) Nguyen Anh Duong = Deputy Prime Minister Trinh Dinh Dung said the State Appraisal Council should "carefully consider the necessity of the project, its benefit to the country in terms of economy, politics, culture, society, environment, security, and defense"

The high-speed rail, which would run 1,559㎞ between Hanoi and Ho Chi Minh City.

According to the latest draft of the project plan, construction on the high-speed rail route will start in 2024, a training academy will be established in 2026, test runs will start in 2028, and the official launch will be in 2030.

The council should also assess the affordability of the project considering Vietnam also needs to invest in other major traffic projects from now until 2030.

But cost of The high-speed rail is equivalent to 25% of the country's GDP in 2018 which was estimated at $239 billion.

So experts, consultants, professor say that they fear Vietnam can't cope with the financial burden of the project.